Re: Wall Street Gurus
It's pretty easy to pick out the ones to avoid, namely, all of them. The reason I say this is that why would a true "wall street guru" give you free advice?
If a mutual fund manager can get on CNBC, do you think he's actually going to tell you about the stocks he'd like to own more of? Why, so viewers can drive the price up and cost him money?
In reality he'll tell you about the stock he already owns, without telling you he really wants to unload them if the price would just go up a little higher. Oh it did, thank you suckers.
And then there is the macroeconomic people, who tell you the market will go up, or it will go down. Abby Joseph always thought the market would go up, and she was always right during the bull market, and always wrong during the bear market! They are just flipping quarters, and the one you see on the telly is just the one who's been luckiest lately.
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